Vocus has become the latest telecommunications company to capture the interest of large infrastructure funds with billions of dollars to spend on single transactions, with one $3.3 billion offer already on the table and more suitors reportedly in the wings.
Vocus confirmed on Monday that Swedish private equity investor EQT had offered to acquire 100 per cent of ASX-listed telco Vocus Group for $3,3 billion, or $5.25 a share, a 35 per cent premium on Friday's price at close.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
